Opec’s first supply cut in eight years looks set to earn the 13-member cartel an extra $5bn a month in revenues. The 15 per cent rally in oil prices since last Wednesday’s agreement looks like an impressive return from a marginal cut in output, even if the deal was months in the making. Beyond the headline price reaction the market has thrown Opec a curve ball. Oil […]
Submitted by Steven Horowtiz via The Foundation for Economic Education, The headlines tell us that the Dow Jones is up around 1,000 points since Donald Trump won the election on November 8th. The conventional wisdom is that this shows how much confidence people have in Trump’s ability to generate a healthy American economy. The argument is that if people are willing to buy stock in American firms, […]
JERUSALEM — After years of obfuscation and a high-profile dispute concerning an esteemed New York rabbi who converted Ivanka Trump, Israel’s rabbinical authorities announced this week that they would convene to establish clear criteria for recognizing Orthodox conversions done abroad. The rabbis also said that under the new criteria, Ms. Trump’s conversion, which had been in some doubt in Israel, likely would be considered legitimate. More broadly, […]
By Laila Bassam and Lisa Barrington | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT The Syrian army pressed an offensive in Aleppo on Friday with ground fighting and air strikes in an operation to retake all of the city’s rebel-held east that would bring victory in the civil war closer for President Bashar al-Assad. “The advance is going according to plan and is sometimes faster than expected,” a Syrian military […]
ISLAMABAD: Pakistan’s Supreme Court on Friday adjourned hearing of the Panama papers leak case against Prime Minister Nawaz Sharif and his family for holding undisclosed offshore assets till January next year. When the court will resume hearing, the new Chief Justice (CJ) Mian Saqib Nisar, who will take oath on Dec 31, will form a new larger bench to hear the case. The case will be heard […]
Japanese electronic parts maker TDK Corp is in talks to acquire InvenSense Inc, a U.S. chip maker that produces motion sensors for Apple Inc and Samsung Electronics Co, people familiar with the matter said on Friday. The deal would allow TDK, already a major smartphone components supplier, to boost its sensor technology offerings. InvenSense designs gyroscopes which help smartphones calculate motion, enabling augmented reality games such as […]
Photo Residents fleeing the violence in Aleppo, Syria, gathered at a government checkpoint in the city on Thursday. Credit Youssef Karwashan/Agence France-Presse — Getty Images GENEVA — Hundreds of Syrian men escaping rebel-held areas of Aleppo to go to government-controlled parts of the city are missing, and there were reports of government reprisals, including numerous arrests and several cases of summary killings of people perceived to be […]
Oman Air has announced that it intends to make its first foray into China on Friday, as part of plans to expand its global network and fleet. The national carrier said in a statement that it plans to start operating flights from its hub in Muscat to Guangzhou, China, from December 9. The airline said the launch of the new route is in response to “significant customer […]
What are Australia’s policy options for responding to the internet threats of 2022? This question was explored in the 360° Cyber Game conducted jointly by RAND Corporation and the National Security College (NSC) at the Australian National University (ANU) in Canberra on Thursday. RAND has conducted two of these games before, in Washington DC and in Silicon Valley, and has written up the methodology and results in […]
In 2011, as skincare brand Nivea marked its centenary with a string of parties across the world, Indian billionaire BR Shetty hosted his own private celebration in his extraordinary apartment in Dubai’s Burj Khalifa. No humble pied-à-terre, this pad occupies the entire 100th floor of the tallest building in the world — not bad for the former pharmaceutical salesman, who was one of the first people to […]
By Praveen Menon | KUALA LUMPUR KUALA LUMPUR Malaysian Prime Minister Najib Razak’s stern rebuke to Myanmar for a military-led crackdown on Muslim Rohingyas was a rarity among Southeast Asian nations, who adhere to a policy of non-interference in each other’s domestic affairs. Critics saw the beleaguered Najib reaching for the moral high ground with his criticism over the weekend of Myanmar in order to pander to […]
Some probably think that performance and quality of components such as chipsets are all about the hardware but this is not the case. AMD has just proven that graphics processing units (GPU) could also get amped up through its software or a software update. The company released the Radeon Software Crimson ReLive, which refreshed the driver of its latest Polaris and Fury GPUs. As a result, these […]
Photo Syrian civilians, in eastern neighborhoods of Aleppo retaken by government forces, returned to their homes on Thursday under military supervision. Credit George Ourfalian/Agence France-Presse — Getty Images BEIRUT, Lebanon — Russian officials said Thursday that the Syrian Army had stopped combat operations in the divided city of Aleppo in order to evacuate civilians, but residents of the rebel-held enclave reported that after a day of intense […]
Two days after the Mayor of Dallas, Mike Rawlings, filed a lawsuit against the Dallas Police and Fire Pension system to block withdrawals, which he referred to as a “run on the bank” of an “insolvent” pension system in “financial crisis, the Pension’s board has finally taken steps to halt further withdrawals. Of course, this delayed action has come only after $500 million in deposits have been […]
By Jack Kim and Cynthia Kim | SEOUL SEOUL South Korean President Park Geun-hye, engulfed in an influence-peddling scandal, faces a historic impeachment vote in parliament on Friday that could see her become the country’s first democratically elected leader to be ousted from office. Parliament is expected to vote in favour of impeachment, with support from some members of Park’s conservative Saenuri Party, but the Constitutional Court […]
Apple has seen a sharp year-over-year increase in the number US government demands for customer data. It’s the company’s first biannual report this year covering how many demands were made from global law enforcement and intelligence agencies, including the US government, for data the company stores. Apple was embroiled in a legal battle with the FBI earlier this year over locked iPhones. Read more. Apple said it […]
For emerging markets, fears over the election of Donald Trump have yet to fully materialise. The prevailing view, says Ousmene Mandeng of EM investment fund New Sparta Asset Management, is that a Trump presidency is “negative for emerging markets”. Investors could foresee some benefit from a supply-side US boom that adds to world aggregate demand — but a less co-operative, protectionist US will have a structural negative […]
Dell Technologies said its infrastructure group delivered a mixed third quarter as all-flash storage systems, hybrid cloud and hyperconverged gear grew, but storage array and server demand fell. The company’s third quarter results include 52 days of EMC’s business and VMware. Dell said revenue from its legacy businesses were largely unchanged in the third quarter. According to Dell, third quarter revenue was $16.25 billion with a net […]
It was Donald Trump’s press conference in the early hours of November 9 that some pinpoint as the moment fears about what his presidency would mean for stock markets turned into euphoria about his victory. Campaign pledges to give a boost to the US economy were repeated, as the newly president-elect struck a moderate, even conciliatory, tone. Whatever you think of the reaction in financial markets since, […]
DUESSELDORF, Germany Germany’s highest court will decide next year on complaints brought by utilities against a tax on nuclear fuel rods, a spokesman said on Thursday, in a further challenge to the government’s energy policy. E.ON, RWE and EnBW have demanded exemption from the tax, introduced in 2011, and are claiming back the roughly 5.8 billion euros ($6.2 billion) they have already paid. The tax requires companies […]
National Bank of Abu Dhabi (NBAD) secured shareholders’ assent to merge with First Gulf Bank (FGB) at a meeting on Wednesday, a spokesman for NBAD said. First Gulf Bank also secured shareholders’ approval on Wednesday, FGB’s chief executive Andre Sayegh said. The pair announced in July that their boards had approved the tie-up, which will create one of the largest banks in the Middle East and Africa […]
The 19th edition of realty exhibition expecting to attract thousands of NRIs over the 3-day expo Investor confidence gets boost due to demonetisation, home loan rates to be down to 7-8%; RERA, GST and REIT to further improve transparency and bring healthier, sustainable growth Top developers across India meet for exclusive face-to-face interaction. Properties boast features such as eco-friendly housing, water recycling units and […]
Now is an exciting time in the tech world due to the insane pace of its development. This narrative has just been reinforced with the introduction of Bluetooth 5, which features double than its predecessor’s speed and an incredible quadrupled network range. Bluetooth 5 Launch The technology was announced early this year and is being touted as one of the enabling mechanisms that will support the emergence […]
This is part of a series on the global rise of exchange traded funds ETFs are a global phenomena, but there are significant differences between the market in Europe and the US. This piece examines the most important. The US is far bigger Demand for exchange traded funds in Europe has never been higher. Assets held in funds and products listed across the region hit a record […]
